etfmsolutions: M11 Update on the Utilities...-2.09.16

Tuesday, February 9, 2016

M11 Update on the Utilities...-2.09.16

After reviewing M11's take on the bond market yesterday I though it would be a good time to check in on my favorite sector of the year Utilities and see how M11 was performing.
Here then are the Momentum and Mean Reversion screens for XLU and its component holdings as of yesterday's close.
So far the utilities have defied technical barriers as traders and fund seek a save haven. I've mentioned many times recently that the sector is hugely overbought and its resilience is astounding but it is what it is and until proven otherwise XLU et al look attractive .

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